In Paraguarí, a group of women gets together with the aim of familiarizing themselves with a program offered by Fundación Paraguaya, which turned out to be a good opportunity for them.

It is because of this that they deciD. to have a meeting in order to form a communal bank. From here arises the group known as 4 D. Mayo, which is the name of the street where they live. They have taken on the commitment of keeping the group together and working within a framework of mutual respect. Currently the group is maD. up of eleven women. They are taking out their second loan with excellent qualifications.

Justina earns a living selling milk. She says that every day she gets up very early in the morning so that the milk is at her customers' homes in time for breakfast. She says it's a job that requires a lot of sacrifice and also a lot of physical effort, but thanks to this same job she is able to obtain the necessary income to support her family. She is asking for a loan to buy milk, which will help her supply her customers so that in this way she can always have milk in stock.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.